AvalonBay Communities (AVB) came out with quarterly funds from operations (FFO) of $2.74 per share, beating the Zacks Consensus Estimate of $2.73 per share. This compares to FFO of $2.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 0.37%. A quarter ago, it was expected that this apartment building owner would post FFO of $2.64 per share when it actually produced FFO of $2.66, delivering a surprise of 0.76%.Over the last four qua ...

ARLINGTON, Va.--(BUSINESS WIRE)--AvalonBay Communities, Inc. (NYSE: AVB) (the “Company”) reported Earnings per Share – diluted (“EPS”), Funds from Operations attributable to common stockholders - diluted (“FFO”) per share and Core FFO per share (as defined in this release) for the three months and year ended December 31, 2023 and 2022 as detailed below.     Q4 2023   Q4 2022   % Change EPS $ 1.70   $ 1.72   (1.2 )% FFO per share (1) $ 2.63 ...

Core Insights - AvalonBay Communities, Inc. (AVB) is set to announce its fourth-quarter and full-year 2023 results on January 31, with expectations of a year-over-year increase in revenues and core funds from operations (FFO) per share [1][4][5] Company Performance - In the last reported quarter, AvalonBay delivered a surprise of 0.76% in core FFO per share, with a year-over-year increase in same-store residential rental revenues driven by effective lease rates [1] - Over the past four quarters, AvalonBay has consistently surpassed the Zacks Consensus Estimate, with an average beat of 1.16% [1] - For the fourth quarter of 2023, AvalonBay expects core FFO per share in the range of $2.69-$2.79, with a Zacks Consensus Estimate of $2.73 indicating a year-over-year growth of 5.41% [5][6] Market Conditions - The US apartment market saw a significant recovery in demand in Q4, with 58,200 units demanded, but this was overshadowed by a large influx of new supply, leading to occupancy levels contracting to 94.2% [2][3] - The fourth-quarter rents contracted by 1.3%, with a monthly rent of $1,805 and rent per square foot at $1.986 [3] Financial Projections - The Zacks Consensus Estimate for AvalonBay's fourth-quarter revenues is $701.67 million, suggesting a 4.78% year-over-year increase [4] - For the full year 2023, AvalonBay expects core FFO per share between $10.58 and $10.68, implying an 8.6% growth year over year at the midpoint [5] - The full-year Zacks Consensus Estimate for core FFO per share is $10.62, indicating an 8.48% increase year over year, with revenues projected to grow by 6.5% to $2.76 billion [6] Strategic Focus - AvalonBay's strategy focuses on developing, acquiring, and redeveloping multifamily properties in high-growth markets, which has historically allowed it to maintain strong occupancy rates and command premium rents [4] - The company emphasizes technology, scale, and organizational capabilities to drive innovation and margin expansion, contributing to solid financial performance and consistent cash flow generation [4]

ARLINGTON, Va.--(BUSINESS WIRE)--AvalonBay Communities, Inc. (the “Company”) (NYSE: AVB) announced today the naming of Alaine Walsh as Executive Vice President – Human Capital and Administration and the retirement and associated succession plans for two long-tenured finance officers. The Company announced that Alaine Walsh, currently the Company’s Senior Vice President – Operations and Investment Services, has been promoted to Executive Vice President – Human Capital and Administration. Ms. Walsh joined ...

Analysts on Wall Street project that AvalonBay Communities (AVB) will announce quarterly earnings of $2.73 per share in its forthcoming report, representing an increase of 5.4% year over year. Revenues are projected to reach $701.67 million, increasing 4.8% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a compa ...

ARLINGTON, Va.--(BUSINESS WIRE)--AvalonBay Communities, Inc. (the “Company”) (NYSE: AVB) announced today the final income allocations of the Company’s 2023 dividend distributions on its Common Stock. The final dividend allocations as they will be reported on Form 1099-DIV are set forth in the following table: Common Shares (CUSIP #053484101) Declaration Date Record Date Payment Date Distribution Per Share Ordinary Taxable Dividend (1) Qualified Dividend Return of Capital L ...

AvalonBay Communities’ (AVB) high-quality assets located in some of the premium markets of the United States are well-poised to benefit amid the healthy demand for residential properties. Moreover, its strategic acquisitions and development pipeline augur well for its long-term growth opportunities. However, an elevated supply of apartment units in some markets and an expected moderation in rent growth are worrisome for the company. A high interest rate environment adds to its concerns.What’s Aiding It?AVB ...

fotografixxWe cover six apartment REITs: AvalonBay (AVB) Equity Residential (EQR) Camden Property Trust (CPT) Essex Property Trust (ESS) Mid-America Apartment Communities (MAA) UDR (UDR) We also cover two single manufactured home park REITs and two single-family housing REITs, but they aren’t the focus today. Vacancy Apartment vacancy continues to increase. Q3 2023: 5.2% Q4 2023: 5.4% For reference, the pandemic peak: Q1 2021: 5.5% Q2 2021: 5.5% This isn’t a perfect comparison. Occupancy during th ...

JuSun Buying rental properties a common way to invest in real estate, and one way that many mom and pop investors use to measure investment returns from real property is to take the annual rental amount divided by the purchase price. While this ratio may be higher than the dividend yield of some REITs, it's worth considering that this is before all costs such as property taxes, maintenance, insurance, and mortgage interest is deducted. Moreover, with a traditional mortgage, principal payments must be made o ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number: 1-12672 AVALONBAY COMMUNITIES, INC. (Exact name of registrant as specified in its charter) Maryland 77-0404318 (State or othe ...